Economy of the European Union

Brussels sees growth at 2.2%

The European Commission calculates Greece's growth at 2.2% in its spring forecasts for this year and 2.3% for 2025, undercutting the projection of the Greek government. Brussels' forecast was below the estimate of the recent Stability Program for 2.5% and 2.6% respectively.

Bulgaria's External Debt Reaches €44.4 Billion: National Bank Report

Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024. The total gross external debt stands at over 44.4 billion euros, equivalent to 43.9% of the gross domestic product (GDP). This marks a slight rise of nearly 161 million euros compared to the previous year's end.

EU lender to expand defense financing

The EU's financing body has said it would open up lending to more technologies that can be used by militaries as Europe pushes to rearm in the face of Russia's war on Ukraine.

The European Union has been clambering to produce more weapons in a bid to continue the flow of arms and ammunition to Kiev and keep Europe's own stocks in good health.